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903 Dunkirk Lane Arlington, TX 76017

3 Beds 2 Baths 1,817 sqft Built 2002

$245,500

List Price

$1,630

$1.5K - $1.8K

Rent Est.

PROPERTY INFO

SINGLE-FAMILY
March 14, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2002
  • Price/Sqft : $135.11
  • 1 Days on Market
  • MLS # : 14500927
  • Updated Date : 03/13/2021 at 15:40
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,817 sqft
  • Baths : 2 full
Listing Agent

Keller Williams Arlington

Listing Agent's Description

Updates abound! New laminate flooring! New carpet! New appliances! New roof! Don't miss this great open style floor plan, great for entertaining and functional for every day. Let the natural light in with a beautiful wall of windows that overlook the backyard. Faux wood blinds offer an upgraded window covering. Storage shed in back. A city park is close by and Nathan Lowe Park a 2 minute walk down the street! No HOA and Mansfield ISD! Proximity to highways, restaurants, shopping, parks, and entertainment makes this home situated in a convenient location. Seller will review all offers on Monday, March 15th. No offers will be reviewed on Sunday.

SEE MORE

MARKET HIGHLIGHTS

  • Dallas metro contributes to 31.9%% of Texas state economy i.e. Gross State Product (USMayors.org, 2018)
  • Dallas metro has 67.1% labor force participation rate higher than the national rate 62.8% (USMayors.org, 2018)
  • . Dallas has 7th largest concentration of high-tech jobs in the U.S. (Dallas Chamber)
  • # 1 in the country for job growth in 2017 (2.6% growth, 91,700 new jobs) (US Census, Forbes, 2017)
  • Dallas metro's economy is worth $579 billion in Gross Metro Product and projected to grow to $613 billion in 2019 (USMayors.org, 2018)
  • Home to 20 Fortune 500 headquarters, 39 Fortune 1000 headquarters and 12 of Forbes' top private companies (Fortune)

PRICE & RENT TRENDS

Neighborhood: South Hampton

NeighborhoodNIR Market*CityMarket2010Year20002019100k120k140k160k180k200k220k240kPrice in $88k243k

* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR

Neighborhood: South Hampton

NeighborhoodNIR Market*CityMarket2010Year20002019 Q2100011001200130014001500160017001800Rent in $9451854

* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR

SCHOOLS

NAME EDUCATIONAL LEVEL SCHOOL TYPE # OF STUDENTS # OF TEACHERS GREATSCHOOLS RATING
Glenn Harmon Elementary School Primary Regular 541 39 6
T.a. Howard Middle School Middle Regular 855 59 6
Mansfield Summit High School High Regular 2,020 114 4

Glenn Harmon Elementary School

  • Education Level: Primary
  • # of students: 541
  • # of teachers: 39
6
GreatSchools Rating

T.a. Howard Middle School

  • Education Level: Middle
  • # of students: 855
  • # of teachers: 59
6
GreatSchools Rating

Mansfield Summit High School

  • Education Level: High
  • # of students: 2,020
  • # of teachers: 114
4
GreatSchools Rating
 

$220,950$270,050$245,500

PURCHASE PRICE

$1,467$1,793$1,630

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,630
EXPENSES Loan Payment -$853
Property Tax -$532
Property Insurance -$132
Property Management Fees -$99
CASH FLOW
$15

This is the estimated cash flow generated during a typical maintenance-free month. It is recommended that investors set aside 15% of earned rent to cover both maintenance and periods of vacancy.

$245,500

PROJECTED PRICE

$1,630

PROJECTED RENT

0.66%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.74%
Appreciation Year (1-5) 9.3%
Maintenance Year (1-5) 8.00%
Vacancy 6.69%
Length of Stay Years 2

PROJECTED ACCUMULATED WEALTH

30 YEAR PROJECTION

  • Cash Flow
  • Appreciation
  • Principal
11530$0.0$100k$200k$300k$400k$500k$600k$700k$800k$900k

PROJECTED ANNUAL CASH FLOW

11530-$2.0k$0.0$2.0k$4.0k$6.0k$8.0k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$100k$200k$300k$400k$500k$600k$700k$800k

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$70,808

INVESTMENT

$70,808

Down Payment
$61,375
Rehab Estimate
$5,750
Closing Costs
$3,683

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 55% down payment or higher enables the proceeds from the asset to cover all costs.

$853

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $61,375
Loan Amount $184,125
See What Happens When You Reinvest Cash Flow

4.5

YEARS SAVED

$10,972

INTEREST SAVED

CASH FLOW REINVESTMENT

The time & interest saved by applying each month's positive cash flow towards loan principal pay down.

  • $1,630

    LIST RENT
  • $0.9

    LIST RENT PER SQFT
  • $1,681

    COMP ESTIMATED VALUE
  • $0.92

    COMP AVG. RENT PER SQFT
Comps Range
$1,500
1$1,5002$1,5953$1,6304$1,7005$1,745
$1,745
RENT COMPS ANALYSIS
  • 903 Dunkirk Lane Arlington, TX 3
    • 3 beds 2 baths ∙ 1,817 Sqft ∙ Built 2002 3 beds 2 baths ∙ 1,817 Sqft ∙ Built 2002
    • Rent
    • Rent Per SQFT
    •  
    • $1,630
    • $0.90
    •  
  • 938 Freshwood Court Arlington, TX 1
    • 3 beds 2 baths ∙ 1,664 Sqft ∙ Built 1989 3 beds 2 baths ∙ 1,664 Sqft ∙ Built 1989
    LEASED 03/19/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,500
    • $0.90
    •  
  • 911 Gwinnett Circle Arlington, TX 2
    • 3 beds 2 baths ∙ 1,673 Sqft ∙ Built 1986 3 beds 2 baths ∙ 1,673 Sqft ∙ Built 1986
    LEASED 04/28/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,595
    • $0.95
    •  
  • 916 Dunkirk Lane Arlington, TX 4
    • 3 beds 2 baths ∙ 1,856 Sqft ∙ Built 2002 3 beds 2 baths ∙ 1,856 Sqft ∙ Built 2002
    LEASED 09/14/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,700
    • $0.92
    •  
  • 1004 Carthage Way Arlington, TX 5
    • 3 beds 2 baths ∙ 1,868 Sqft ∙ Built 2002 3 beds 2 baths ∙ 1,868 Sqft ∙ Built 2002
    LEASED 09/04/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,745
    • $0.93
    •  
PROPERTY LISTING DETAILS
Starling Oliver
Keller Williams Arlington
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
North Texas Real Estate Information Services ( NTREIS)
MLS #: 14500927
Last Updated: 03/13/2021
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